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Swiss banks
SWISS BANKS NEWS
Did Indian money in Swiss banks grow more than three times in 2024? Govt responds
July 23, 2025 8:21 pm
Indian money in Swiss banks 2024: Pankaj Chowdhary also responded to questions about black money recovered so far and detailed the tax and penalties levied on suspected black money.
India gets 5th set of Swiss bank account details under automatic info exchange framework
October 09, 2023 4:14 pm
This is the fifth such annual exchange of information between Switzerland and India with the officials saying that the new details shared with Indian authorities pertain to "hundreds of financial accounts", including many cases of multiple accounts associated with some individuals, corporates and trusts.
Indians' funds in Swiss banks down 11% to Rs 30k cr on dip in customer deposits
June 22, 2023 8:32 pm
In terms of assets, Indian clients accounted for CHF 3.99 billion at the end of 2022, marking a decline of nearly 15 per cent.
Finance head of Credit Suisse's domestic business to depart bank
June 14, 2023 11:29 am
Antoine Boublil joined Credit Suisse in 2016 and in addition to his role as Chief Financial Officer of the Swiss bank division.
UBS completes emergency takeover of Credit Suisse, gains clout as global wealth player
June 12, 2023 11:42 am
UBS on Monday said it completed its emergency takeover of embattled local rival Credit Suisse.
Credit Suisse's takeover of to close as early as June 12, says UBS
June 05, 2023 10:56 am
UBS said on Monday it will complete its takeover of Credit Suisse "as early as June 12", creating a giant Swiss bank with a balance sheet of $1.6 trillion following a government-backed rescue earlier this year.
Credit Suisse aborts China bank plan to avoid regulatory conflict under UBS: report
May 31, 2023 10:38 am
Credit Suisse had been planning over the last few years to set up a wholly owned local bank in China that would have boosted its presence in the country by allowing it to set up its own branch network to draw deposits and expand wealth management business onshore.
Credit Suisse staff prepare to sue Swiss regulator over lost AT1 bonuses: report
May 22, 2023 10:33 am
Credit Suisse AG staff are making preparations to sue the Swiss financial regulator over $400 million of bonuses that were cancelled following the bank's rescue by UBS, a report said on Monday.
UBS Group says it was rushed into unwanted Credit Suisse rescue merger
May 17, 2023 11:23 am
UBS, in a Tuesday filing to the US Securities and Exchange Commission, told investors it had less than four days to conduct due diligence given the "emergency circumstances". It estimated a hit of about $17 billion from the takeover.
UBS flags $17 billion hit from Credit Suisse takeover
May 17, 2023 8:58 am
UBS, however, also estimated it would book a one-off gain stemming from the so-called "negative goodwill" of $34.8 billion by buying Credit Suisse for a fraction of its book value.
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